AICPA CPA-Auditing Exam - Topic 1 Question 38 Discussion

Actual exam question for AICPA's CPA-Auditing exam

Question #: 38
Topic #: 1

An auditor was engaged to conduct a performance audit of a governmental entity in accordance with Government Auditing Standards. These standards do not require, as part of this auditor's report:

AA statement of the audit objectives and a description of the audit scope.

BIndications or instances of illegal acts that could result in criminal prosecution discovered during the audit.

CThe pertinent views of the entity's responsible officials concerning the auditor's findings.

DA concurrent opinion on the financial statements taken as a whole.

Show Suggested Answer

Suggested Answer: D

Choice 'd' is correct. A concurrent opinion on the financial statements taken as a whole is not a required part of the auditor's report.

Choice 'a' is incorrect. A statement of the audit objectives and a description of the audit scope are required parts of the auditor's report.

Choice 'b' is incorrect. The auditor would provide indications of illegal acts discovered during the audit.

Choice 'c' is incorrect. The pertinent views of the entity's responsible officials concerning the auditor's findings are generally part of the auditor's report.

by James at May 05, 2022, 02:30 AM

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